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The launch of an Ethereum-based ETF is nearing its final stages, according to Bitwise's chief commercial officer. The first Ethereum-focused ETF is expected to be approved and launched soon, which could have a significant impact on the cryptocurrency market. Analysts believe that the approval of such ETFs will attract significant investment in Ethereum, contributing to its growth and market value. This move could make Ethereum more accessible to institutional investors and increase its liquidity in the market.

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Win Big in the #IOInternetofGPUs Contest by @io.net About io.net: Dive into the world’s largest decentralized GPU cloud with io.net! Integrating over 200,000 GPUs from data centers, miners, and gamers, io.net is here to tackle global shortages. Whether you’re into AI, graphics rendering, or gaming, io.net has you covered with enterprise-grade models like the H100 and A100. $IO Token Insights: Get to know $IO, io.net's governance and utility token, now listed on Binance! With successful funding rounds that raised over $40 million, $IO is gearing up for a big restaking event in Q3 2024, set to boost its utility and network quality. Exploring DePIN: io.net is pioneering with DePIN (Decentralized Infrastructure) to optimize GPU computing, making high-performance resources scalable and efficient for various applications. This innovation is set to transform accessibility and performance globally. Why io.net and DePIN Matter: Post-TGE and Binance listing, io.net is poised for significant growth. DePIN’s decentralized approach will revolutionize GPU computing, democratizing access to top-tier computing power worldwide. How to Win: 1. Write an essay about the future of IO post-TGE. 2. Share your essay on social media using #IOInternetofGPUs and tag @ionet. 3. Make sure your post gets at least 20 interactions and is 200 characters long to qualify. Join the movement and help shape the future of GPU innovation with io.net.

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Overview of Cryptocurrency Futures Trading Volumes 💥 The image presents data on the 24-hour and weekly trading volumes for various cryptocurrency platforms and futures. Binance Futures leads with $39.44 billion in 24-hour volume and $337.80 billion in weekly volume. Poloniex Futures is in second place with $29.75 billion in 24-hour volume and $178.52 billion in weekly volume. OKX Futures ranks third with $16.58 billion in 24-hour volume and $152.07 billion in weekly volume. Bybit Futures and Binance show $13.10 billion and $10.03 billion in 24-hour volume, respectively MEXC Futures also showed a significant weekly trading volume of $22.00 billion.

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Bitcoin Price Still in Bull Market Phase, Says Glassnode🤯💥📈 According to BlockBeats, Glassnode has analyzed that the current price of Bitcoin is still in the enthusiastic bull market phase. After entering the frenzy zone, it quickly fell back, with the real market average being $50,000. This represents the average cost basis of each active investor. If the macro bull market is expected to continue, this level is still a key price level that the market needs to maintain above. The unrealized profit of Bitcoin indicates that the market may be overheated. Currently, this value is $92,000. The breakeven level of the short-term holder group is $64,000. The current spot price is lower than this level, but it is trying to recover. It is worth noting that only 7% of trading days recorded a spot price lower than the -1 standard deviation band, making it a relatively rare situation.

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Bitcoin Spot ETF Sees Significant Inflow of $85 Million

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